Cryptocurrencies
Bitcoin Stages Stealth Rally With Third-Straight Weekly Gain
- Heavy-weight cryptocurrency rises 4.9% over last seven days
- Bitcoin takes on identity of a ‘real asset,’ Butterfill says
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While Bitcoin’s price has meandered the last few days, the largest cryptocurrency by market value has staged a modest under-the-radar recovery from its wintertime swoon.
Bitcoin is on pace to post its third consecutive weekly increase, climbing almost 19% during the stretch, to trade around $43,500 as of 1:06 p.m. in New York. It dropped below $33,000 on Jan. 24, a decline of more than 50% from its all-time high of almost $69,000 reached in early November.